Texas Permanent School Fund decreased its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 7.4% during the fourth quarter, Holdings Channel reports. The fund owned 10,666 shares of the company’s stock after selling 853 shares during the period. Texas Permanent School Fund’s holdings in Calavo Growers were worth $900,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CVGW. Alliancebernstein L.P. grew its stake in shares of Calavo Growers by 5.5% during the second quarter. Alliancebernstein L.P. now owns 21,200 shares of the company’s stock worth $1,464,000 after acquiring an additional 1,100 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Calavo Growers by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 96,677 shares of the company’s stock worth $6,675,000 after acquiring an additional 8,999 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Calavo Growers by 62.6% during the second quarter. PNC Financial Services Group Inc. now owns 3,527 shares of the company’s stock worth $244,000 after acquiring an additional 1,358 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Calavo Growers by 5.5% during the second quarter. New York State Common Retirement Fund now owns 17,300 shares of the company’s stock worth $1,195,000 after acquiring an additional 899 shares during the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Calavo Growers during the second quarter worth about $501,000. Institutional investors and hedge funds own 92.54% of the company’s stock.

Shares of Calavo Growers, Inc. (NASDAQ:CVGW) opened at $88.25 on Thursday. Calavo Growers, Inc. has a 52 week low of $48.75 and a 52 week high of $90.85. The firm has a market capitalization of $1,485.94, a PE ratio of 41.43 and a beta of 0.68.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Tuesday, December 19th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.09. Calavo Growers had a return on equity of 16.01% and a net margin of 3.47%. The firm had revenue of $277.20 million during the quarter, compared to the consensus estimate of $297.40 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. analysts forecast that Calavo Growers, Inc. will post 2.86 earnings per share for the current fiscal year.

In related news, Director Marc Laurence Brown sold 1,000 shares of Calavo Growers stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $85.05, for a total transaction of $85,050.00. Following the completion of the sale, the director now owns 9,600 shares of the company’s stock, valued at $816,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James E. Gibson sold 10,000 shares of Calavo Growers stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $79.14, for a total value of $791,400.00. Following the sale, the insider now directly owns 61,991 shares of the company’s stock, valued at approximately $4,905,967.74. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Calavo Growers from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Stephens boosted their price target on Calavo Growers from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 20th. Lake Street Capital restated a “buy” rating and set a $91.00 price target (up previously from $76.00) on shares of Calavo Growers in a research note on Wednesday, December 20th. Finally, Zacks Investment Research upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $88.00.

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Calavo Growers Company Profile

Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

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Institutional Ownership by Quarter for Calavo Growers (NASDAQ:CVGW)

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